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Expandingtriangle

SPY Short: Expanding TriangleLooks like we have a distinct expanding triangle pattern which started back in 2018. My guess is today's sell-off happened because trading programs noticed the price yesterday breached the expanding triangle's resistance line. I would wait for further confirmation before trading based off of this pattern. Do I really think that the price will drop further down than the Coronavirus crash? At this point, I find that hard to believe. Based off of my technical analysis however, it's possible. Let's see what happens!
AMEX:SPYShort
by trufeats
4
Expending Triangule or Broadening?In my point of view, we are in an Expending Triangule with 3 major options: A ➜ If June ends above the US$ 9,750, breaking the market structure, the next target will be our all time highest high near to US$ 18,000, but I think its is Improbable. B ➜ Closing June bellow US$ 9,750, we will still inside this long bear trend, aiming to test the bottom of the triangle, but its very possible that movement is just a Beautiful Bear Trap, climbing fast the prices back to US$ 10,000 with a breakout in a few weeks, and our next target will be $17,800. C ➜ The saddest option, without strong bulls, the bears hit the bottom of the triangule, triggering several stops orders, backing us to 3 years ago with the prices in $ 1600 and then $ 800. So... What do you think?
BITSTAMP:BTCUSD
by RodrigoKazuma
1
GOLD SELL SIGNALHey tradomaniacs, welcome to another free trade-plan. Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Gold can be very choppy so keep your risk low and mange it aggressively! Sell-Limit: 1701,00 Stop-Loss: 1714,60 Target 1: 1690,00 Target 2: 1683,50 Target 3: 1674,00 Stop-Loss: 1340 pips Risk: 1% Risk-Reward: 2,00 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
FOREXCOM:XAUUSDShort
by Trading2ez